Yum Sets Aside $1 Billion for Buybacks -- Update

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Maria Armental Yum Brands Inc. is setting aside $1 billion for possible share buybacks through May 31, 2016, the company said Thursday. Separately, the Louisville, Ky., restaurant operator that owns KFC, Pizza Hut and Taco Bell said Elane Stock ...

Global Markets Rally -- 4th Update

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

Dutch Repatriate Some Gold Reserves

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

AMSTERDAM--The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold. De Nederlandsche Bank, or DNB, ...

Omnicom CEO No Longer Believes in 'Merger of Equals' Concept

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Ruth Bender BARCELONA--Omnicom Group Inc. (OMC) Chief Executive John Wren no longer believes in the idea of merger of equals following the collapse earlier this year of the U.S. advertising giant's plans to merge with French rival Publicis Groupe ...

Russia Sugar From Beet Output Rises on Year

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Grigori Gerenstein Special to DOW JONES NEWSWIRES MOSCOW--The pace of Russia's sugar production from newly harvested beet is considerably higher than the last year's volumes, according to figures released Friday by Soyuzrossakhar, the national association of sugar producers. Russia ...

China Cuts Interest Rates

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

BEIJING--China's central bank cut interest rates Friday in an unexpected move after months of weakening economic activity. The People's Bank of China said it cut its benchmark one-year loan rate by 0.4 percentage point and its one-year deposit rate by ...

Russian GDP Growth Beats Expectations

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Andrey Ostroukh MOSCOW--Russia's economy expanded 0.8% in the first 10 months of the year, beating expectations despite a fall in capital investment, official data showed Friday. The growth rate exceeded the central bank's full-year forecast of 0.3%, which would ...

U.S. Government Bonds Retreat, but Losses Tempered

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Min Zeng Treasury bonds pulled back Friday as the latest signals from central banks in China and the eurozone supporting the economy encouraged investors to buy riskier assets. But the price loss was mild in the haven bond market ...

Oil Prices Jump on China's Surprise Rate Cuts

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Tim Puko And Cassie Werber NEW YORK--Oil prices jumped Friday after China surprised the market by cutting interest rates, fanning hopes of increased demand from the world's second-largest crude consumer. The news came at a key time for oil. ...

EUROPE MARKETS: European Stocks Enjoy China, Draghi Economic Policy Pop

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Carla Mozee, MarketWatch Stoxx Europe 600 headed toward two-month high LONDON (MarketWatch) -- Equities across Europe jumped Friday as central banks in China and Europe announced fresh measures to jump start their respective slumping economies. During the European trading ...

Dollar Sinks Against Commodity Currencies on China Rate Cut

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By James Ramage The dollar dropped against currencies tied to large commodity exporters on Friday after China moved to stimulate its economy, spurring hopes for renewed demand in raw materials. The Australian dollar jumped 0.9% to US$0.8699, while the New ...

Obama's Immigration Plan Seen Affecting Wages, Job Moves

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Damian Paletta WASHINGTON--President Barack Obama's move to offer legal-worker status to several million undocumented immigrants will send unpredictable ripples through the U.S. economy, prompting many to seek higher-paying jobs and heightening competition for positions in a number of sectors, ...

UK Public Finances Hurt by Weak Tax Receipts

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Jason Douglas and Jon Sindreu LONDON--Britain borrowed more in the first seven months of the financial year than it did in the same period a year earlier, as weak tax receipts continued to weigh on government efforts to close ...

Asian Shares Mixed, Japan Slides

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

Investors sold stocks in Japan, with Prime Minister Shinzo Abe set to dissolve the lower house Friday in preparation for an election next month. The Nikkei Stock Average was down 0.5% at 17215.02 as the U.S. dollar held roughly flat. ...

PBOC Ready to Use Tools to Boost Liquidity

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

BEIJING--China's central bank said Friday that it is ready to use monetary instruments to boost liquidity in the country's interbank market if needed. The People's Bank of China said in a brief statement on its official Weibo microblog account that ...

Merger Talk Among European Telecoms Reaches Fever Pitch

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Ruth Bender BARCELONA--Talk of mergers among telecom firms in France has been so intense that executives are openly joking about it. "Hey so who is buying Bouygues Telecom: You or us?," Altice SA Chief Executive Dexter Goei quipped to ...

Global Markets Rally -- 3rd Update

TODAY: Nov. 21, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...